The inflation rate picked up speed from July, when it came in at 5.8pcIreland's inflation rate picked up again in August, with prices rising 6.3pc year on year. Photo: iStockphotoThe inflation rate was on the rise again in August after slowing for several months, with consumer prices increasing by 6.3pc in the year. The European Central Bank is mulling a further interest rate rise ahead of its meeting next Thursday. Gas prices were up 36.6pc in the year, with electricity costs surging by 25.1pc. But more than one million households are set to get a break after Electric Ireland said today it would cut its electricity and gas prices.

Source: Irish Independent September 08, 2023 03:04 UTC